Q3 2016 EPS Estimates for Circor International Inc. Decreased by SunTrust Banks (CIR)
Circor International Inc. (NYSE:CIR) – Investment analysts at SunTrust Banks cut their Q3 2016 earnings per share estimates for Circor International in a research report issued on Friday. SunTrust Banks analyst C. Brady now expects that the firm will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.55. SunTrust Banks also issued estimates for Circor International’s Q4 2016 earnings at $0.47 EPS.
Circor International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business earned $146.40 million during the quarter, compared to the consensus estimate of $144.01 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year.
CIR has been the topic of several other research reports. Zacks Investment Research lowered shares of Circor International from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Stifel Nicolaus dropped their price target on shares of Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Finally, KeyCorp began coverage on shares of Circor International in a research note on Tuesday, September 20th. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.50.
Shares of Circor International (NYSE:CIR) opened at 48.14 on Monday. The company’s 50 day moving average is $58.07 and its 200-day moving average is $55.70. The company has a market cap of $790.60 million, a P/E ratio of 118.86 and a beta of 1.39. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87.
In related news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of CIR. PineBridge Investments L.P. increased its stake in Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period. Arizona State Retirement System increased its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock worth $487,000 after buying an additional 200 shares during the period. Nisa Investment Advisors L.L.C. increased its stake in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock worth $1,100,000 after buying an additional 400 shares during the period.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
Receive News & Stock Ratings for Circor International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Circor International Inc. and related stocks with our FREE daily email newsletter.